SEA 319 will now take effect
March 1. It delays, for an additional year, the implementation of new soil
productivity factors proposed by the Department of Local Government Finance
(DLGF). That means the soil productivity factors used for the March 1, 2011,
assessment date will be used again for the March 1, 2013, assessment date. SEA
319 additionally requires the DLGF, with the Purdue University College of
Agriculture, to submit a report on proposed soil productivity factors to the
General Assembly for consideration by Nov. 1, 2013.

“I’m very pleased to have the
governor’s support of this bill,” Leising said. “That says a lot about the
importance of farmers and agriculture to Indiana’s economy. We want to help
those families and the industry. I think protecting them from a 25-percent
average increase in property taxes is a good way to do that.”

SEA 319 was the first piece of
legislation to be signed into law during the 2013 session and the first to ever
be signed by Pence.

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